Rigetti Computing, Inc. (RGTI) intrinsic value & 10-year financials
Rigetti Computing, Inc. (RGTI) has a Graham intrinsic value of $17.24 per share. At $11.80 on Oct 17, 2026, the stock trades 32% below that value. Over the last 6 fiscal years revenue shrank 18.5% a year to $7.1M, with an average return on invested capital of -68.7%.
- Graham intrinsic value
- $17.24
- Share price (Oct 17, 2026)
- $11.80
- Price vs Graham value
- 32% below
- Market cap
- $3.7B
- Revenue (FY2025)
- $7.1M
- Revenue growth (6-yr CAGR)
- -18.5%
- ROIC (10-yr avg)
- -68.7%
- Free cash flow (FY2025)
- -$77.2M
RGTI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.1M | -$216.2M | -$0.70 | -$77.2M | -1194.4% | -29.6% |
| FY2024 | $10.8M | -$201.0M | -$1.09 | -$61.7M | -634.9% | -80.6% |
| FY2023 | $12.0M | -$75.1M | -$0.57 | -$59.6M | -602.1% | -64.2% |
| FY2022 | $13.1M | -$71.5M | -$0.70 | -$85.4M | -832.5% | -243.4% |
| FY2021 | — | -$23.2M | — | — | — | 74.2% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Rigetti Computing, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Rigetti Computing, Inc. has historically struggled to out-earn its cost of capital, averaging just -20.5% ROIC.
Rigetti Computing, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Rigetti Computing, Inc. is modeled at -18.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.24 per share.